Australia and Oceania: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Australia and Oceania

In 2022, the electric heating equipment market in Australia and Oceania increased by 7.4% to $X, rising for the seventh consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +102.3% against 2015 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Electric Heating Equipment Production in Australia and Oceania

In value terms, electric heating equipment production reduced modestly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports in Australia and Oceania

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 350% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a prominent increase. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, electric heating equipment exports soared to $X in 2022. Over the period under review, exports continue to indicate mild growth. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand prevails in exports structure, reaching X units, which was approx. 95% of total exports in 2022. It was distantly followed by Australia (X units), committing a 4.7% share of total exports.

New Zealand was also the fastest-growing in terms of the electric space heating apparatus and soil heating apparatus exports, with a CAGR of +8.4% from 2012 to 2022. Australia (-7.3%) illustrated a downward trend over the same period. While the share of New Zealand (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-14.6 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) emerged as the largest electric heating equipment supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was taken by Australia ($X), with a 21% share of total exports.

In New Zealand, electric heating equipment exports expanded at an average annual rate of +6.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, reducing by -45.5% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 115%. As a result, the export price attained the peak level of $X per unit, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.7%).

Electric Heating Equipment Imports

Imports in Australia and Oceania

In 2022, electric heating equipment imports in Australia and Oceania declined to X units, flattening at the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 27%. Over the period under review, imports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, electric heating equipment imports rose markedly to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +120.3% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 32% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of about X units, which resulted at 80% of total imports. It was distantly followed by New Zealand (X units), committing a 20% share of total imports.

Australia was also the fastest-growing in terms of the electric space heating apparatus and soil heating apparatus imports, with a CAGR of +2.4% from 2012 to 2022. At the same time, New Zealand (+2.3%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported electric space heating apparatus and soil heating apparatus in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total imports.

In Australia, electric heating equipment imports expanded at an average annual rate of +7.2% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2020 an increase of 20%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.7%).

Source: IndexBox Platform

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